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*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Cryogenic Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Market Overview:

The global cryogenic equipment market grew at a CAGR of around 7% during 2014-2019. Cryogenic equipment refers to devices that are used for the storage and transportation of materials at extremely low temperatures. It consists of cryogenic storage racks, boxes, refrigerators, pressure vessels, cold traps, purifiers, piping, temperature controllers, accessories and tanks. It is primarily used for cooling, freezing, metal processing and biomedical and chemical storage purposes. It also aids in protecting users from accidental contact with hazardous materials during their handling. Owing to this, it finds extensive applications across various industries, including chemical, oil and gas, energy and power, food and beverage, healthcare, marine and aerospace.

Significant growth in the aerospace and aviation industries across the globe is one of the key factors that is creating a positive outlook for the market. Furthermore, the increasing demand for Liquified Natural Gas (LNG) across industries is also augmenting the market growth. The cryogenic equipment is specifically designed for gases, such as liquid helium, oxygen, nitrogen, argon and carbon dioxide (CO2) that are used in LNG-based power plants. In line with this, the increasing utilization of the equipment in oil tankers, vaporizers, pumps, refrigerators and valves in the oil and gas sector is acting as another major growth-inducing factor. Additionally, technological advancements in the field of immunotherapy, pharmaceuticals, vaccinations and regenerative medicines that have enhanced the utilization of cryogenic equipment, are contributing to the market growth. Other factors, including the growing need for clean energy sources, along with the development of mobile cryogenic equipment, are expected to drive the market further. Looking forward, IMARC Group expects the global cryogenic equipment market to continue its moderate growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global cryogenic equipment market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, equipment, cryogen, application and end use industry.

Breakup by Equipment:

  • Tanks
  • Pumps
  • Heat Exchanger
  • Valves
  • Others
     

Breakup by Cryogen:

  • Nitrogen
  • Liquified Natural Gas
  • Helium
  • Others
     

Breakup by Application:

  • Storage
  • Transportation
  • Processing
  • Others
     

Breakup by End Use Industry:

  • Oil and Gas
  • Energy and Power
  • Food and Beverages
  • Healthcare
  • Marine and Aerospace
  • Chemicals
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Air Liquide S.A., Air Products and Chemicals Inc., Chart Industries Inc., Cryofab Inc., Cryoquip LLC (Nikkiso Co. Ltd.), Emerson Electric Co., Flowserve Corporation, Herose GmbH, INOX India Pvt. Ltd, Linde Plc, Parker-Hannifin Corporation and Wessington Cryogenics

Key Questions Answered in This Report:

  • How has the global cryogenic equipment market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global cryogenic equipment market?
  • What are the key regional markets?
  • What is the breakup of the market based on the equipment?
  • What is the breakup of the market based on the cryogen?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global cryogenic equipment market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology
 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Cryogenic Equipment Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Equipment
    6.1    Tanks
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Pumps
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Heat Exchanger
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Valves
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Others
        6.5.1 Market Trends
        6.5.2 Market Forecast
7    Market Breakup by Cryogen
    7.1    Nitrogen
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Liquified Natural Gas
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Helium
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Application
    8.1    Storage
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Transportation
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Processing
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by End Use Industry
    9.1    Oil and Gas
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Energy and Power
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Food and Beverages
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Healthcare
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Marine and Aerospace
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Chemicals
        9.6.1 Market Trends
        9.6.2 Market Forecast
    9.7    Others 
        9.7.1 Market Trends
        9.7.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Air Liquide S.A.
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio 
           15.3.1.3 Financials 
           15.3.1.4 SWOT Analysis
        15.3.2    Air Products and Chemicals Inc.
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials 
           15.3.2.4 SWOT Analysis
        15.3.3    Chart Industries Inc.
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio 
           15.3.3.3 Financials 
        15.3.4    Cryofab Inc.
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio 
        15.3.5    Cryoquip LLC (Nikkiso Co. Ltd.)
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio 
        15.3.6    Emerson Electric Co.
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio 
           15.3.6.3 Financials
           15.3.6.4 SWOT Analysis
        15.3.7    Flowserve Corporation
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials 
           15.3.7.4 SWOT Analysis
        15.3.8    Herose GmbH
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio  
        15.3.9    INOX India Pvt. Ltd.
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
        15.3.10    Linde Plc
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio 
           15.3.10.3 Financials 
        15.3.11    Parker-Hannifin Corporation
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials 
           15.3.11.4 SWOT Analysis
        15.3.12    Wessington Cryogenics
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio
           15.3.12.3 Financials

List of Figures

Figure 1: Global: Cryogenic Equipment Market: Major Drivers and Challenges
Figure 2: Global: Cryogenic Equipment Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Cryogenic Equipment Market: Breakup by Equipment (in %), 2019
Figure 4: Global: Cryogenic Equipment Market: Breakup by Cryogen (in %), 2019
Figure 5: Global: Cryogenic Equipment Market: Breakup by Application (in %), 2019
Figure 6: Global: Cryogenic Equipment Market: Breakup by End Use Industry (in %), 2019
Figure 7: Global: Cryogenic Equipment Market: Breakup by Region (in %), 2019
Figure 8: Global: Cryogenic Equipment Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 9: Global: Cryogenic Equipment (Tanks) Market: Sales Value (in Million US$), 2014 & 2019
Figure 10: Global: Cryogenic Equipment (Tanks) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 11: Global: Cryogenic Equipment (Pumps) Market: Sales Value (in Million US$), 2014 & 2019
Figure 12: Global: Cryogenic Equipment (Pumps) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 13: Global: Cryogenic Equipment (Heat Exchanger) Market: Sales Value (in Million US$), 2014 & 2019
Figure 14: Global: Cryogenic Equipment (Heat Exchanger) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: Global: Cryogenic Equipment (Valves) Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: Global: Cryogenic Equipment (Valves) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: Global: Cryogenic Equipment (Other Equipments) Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: Global: Cryogenic Equipment (Other Equipments) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: Global: Cryogenic Equipment (Nitrogen) Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: Global: Cryogenic Equipment (Nitrogen) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: Global: Cryogenic Equipment (Liquified Natural Gas) Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: Global: Cryogenic Equipment (Liquified Natural Gas) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: Global: Cryogenic Equipment (Helium) Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: Global: Cryogenic Equipment (Helium) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: Global: Cryogenic Equipment (Other Cryogens) Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: Global: Cryogenic Equipment (Other Cryogens) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: Global: Cryogenic Equipment (Storage) Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Global: Cryogenic Equipment (Storage) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: Global: Cryogenic Equipment (Transportation) Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: Global: Cryogenic Equipment (Transportation) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 31: Global: Cryogenic Equipment (Processing) Market: Sales Value (in Million US$), 2014 & 2019
Figure 32: Global: Cryogenic Equipment (Processing) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: Global: Cryogenic Equipment (Other Applications) Market: Sales Value (in Million US$), 2014 & 2019
Figure 34: Global: Cryogenic Equipment (Other Applications) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 35: Global: Cryogenic Equipment (Oil and Gas) Market: Sales Value (in Million US$), 2014 & 2019
Figure 36: Global: Cryogenic Equipment (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 37: Global: Cryogenic Equipment (Energy and Power) Market: Sales Value (in Million US$), 2014 & 2019
Figure 38: Global: Cryogenic Equipment (Energy and Power) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 39: Global: Cryogenic Equipment (Food and Beverages) Market: Sales Value (in Million US$), 2014 & 2019
Figure 40: Global: Cryogenic Equipment (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 41: Global: Cryogenic Equipment (Healthcare) Market: Sales Value (in Million US$), 2014 & 2019
Figure 42: Global: Cryogenic Equipment (Healthcare) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 43: Global: Cryogenic Equipment (Marine and Aerospace) Market: Sales Value (in Million US$), 2014 & 2019
Figure 44: Global: Cryogenic Equipment (Marine and Aerospace) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 45: Global: Cryogenic Equipment (Chemicals) Market: Sales Value (in Million US$), 2014 & 2019
Figure 46: Global: Cryogenic Equipment (Chemicals) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 47: Global: Cryogenic Equipment (Other End Use Industries) Market: Sales Value (in Million US$), 2014 & 2019
Figure 48: Global: Cryogenic Equipment (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 49: North America: Cryogenic Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 50: North America: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 51: United States: Cryogenic Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 52: United States: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 53: Canada: Cryogenic Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 54: Canada: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 55: Asia Pacific: Cryogenic Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 56: Asia Pacific: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 57: China: Cryogenic Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 58: China: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 59: Japan: Cryogenic Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 60: Japan: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 61: India: Cryogenic Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 62: India: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 63: South Korea: Cryogenic Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 64: South Korea: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 65: Australia: Cryogenic Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 66: Australia: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 67: Indonesia: Cryogenic Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 68: Indonesia: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 69: Others: Cryogenic Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 70: Others: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 71: Europe: Cryogenic Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 72: Europe: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 73: Germany: Cryogenic Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 74: Germany: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 75: France: Cryogenic Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 76: France: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 77: United Kingdom: Cryogenic Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 78: United Kingdom: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 79: Italy: Cryogenic Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 80: Italy: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 81: Spain: Cryogenic Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 82: Spain: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 83: Russia: Cryogenic Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 84: Russia: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 85: Others: Cryogenic Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 86: Others: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 87: Latin America: Cryogenic Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 88: Latin America: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 89: Brazil: Cryogenic Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 90: Brazil: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 91: Mexico: Cryogenic Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 92: Mexico: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 93: Others: Cryogenic Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 94: Others: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 95: Middle East and Africa: Cryogenic Equipment Market: Sales Value (in Million US$), 2014 & 2019
Figure 96: Middle East and Africa: Cryogenic Equipment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 97: Global: Cryogenic Equipment Industry: SWOT Analysis
Figure 98: Global: Cryogenic Equipment Industry: Value Chain Analysis
Figure 99: Global: Cryogenic Equipment Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Cryogenic Equipment Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Cryogenic Equipment Market Forecast: Breakup by Equipment (in Million US$), 2020-2025
Table 3: Global: Cryogenic Equipment Market Forecast: Breakup by Cryogen (in Million US$), 2020-2025
Table 4: Global: Cryogenic Equipment Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 5: Global: Cryogenic Equipment Market Forecast: Breakup by End Use Industry (in Million US$), 2020-2025
Table 6: Global: Cryogenic Equipment Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 7: Global: Cryogenic Equipment Market Structure
Table 8: Global: Cryogenic Equipment Market: Key Players

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